.@THORChain is insolvent

In the event of any large debt redemption and/or savers &amp; synths deleveraging, it is certain that TC cannot meet its bitcoin and eth denominated obligations.

Validators decided to pause the network while they vote a restructuring plan

🔽🧵

oh snap thorchain is insolvent

https://x.com/1984_is_today/status/1882616341926162653?s=46&t=D6A2WyhbbkwI78H38yNCdQ

marketing ops @ wormhole foundation 🪱🕳️ prev @pooltogether 🌊🏆

How many times is this thing gonna break?